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the chief executives who met with president obama last week and called the conversations, quote, constructive. since then, not much progress has been made. we want to talk more about that exclusively. he's here with me to talk if he still feels that way about fiscal cliff. good to have you on the program. deloitte ceo. thanks so much for joining us. >> thanks for having me. >> i want to get to the president and your meeting and really zero in on the fiscal cliff. before we do that, i want to get to the situation around hewlett-packard and autonomy. of course, hp taking a massive write down on the acquisition of autonomy. ceo meg whitman throwing deloitte under the bus in some sense because the firm was among those charged with examining the books before the deal. what can you tell us about what you did in terms of overseeing the books at autonomy and what do you say now that she's charging this fraud? >> sure, maria. unfortunately for us, that matter has been turn the over to investigation and the authorities. believe it or not, that's one of the things i'm not on the hot seat a
're at the president obama white house almost every week meeting with president obama. and i understand that he wants them to help him get his general accomplished. i understand that. what about the other direction? the fact that they're getting all this face time with the president. does that mean they're getting their agenda, too? well, you can judge for yourself in small ways. especially not when the horse you bet on so boldly lost so badly. it also means that working goat some things doesn't mean you have to work together on everything. and it also means that elections have consequences. now it's time for "the last word" with lawrence o'donnell. >>> tonight, jay carney's position in the white house secretary hall of fame is assured by what he said today in the white house press briefing room about the republicans' latest budget proposal. quote, it is magic beans and fairy dust. >> i'm worried about the fiscal cliff in the same way i'm worried about martians. >> fiscal cliff. >> fiscal whatever it is. >> is this a rerun? >> still no progress as all sides jockey for position. >> i would say we're n
is to raise revenues on the rich, he was co opting barack obama's language and we read this week about the purging and the removal of conservatives and tea party members from their committee assignments because they didn't vote the way speaker boehner wants. that seems to me to be evidence that a surrender is coming. >> well, i'm not sure it's the appointments so much as the substance of the negotiations. i think, you know, once you cave on rates, you've given up -- the president says it's the principle for him that republicans have to cave on rates because he pretends that you can't raise the revenues you want, meaning the money you want for the treasury by doing it through deductions, eliminating deductions and loopholes which is what everybody agrees is the way to do it. that's what reagan did with tip o'neill in 1986. they eliminated deductions, credits, loopholes, etc., and they were able to lower rates, and that created a real economic engine. so you can raise this money by eliminating deductions. the president simply wants to force republicans to raise rates as a way to break th
: last week i said let obama have what he wants. republican member should vote present. maybe not even let him go off the cliff. let it go through and let barack obama have what he wants. people voted for it. we slide in recession and we say look, we had it their way. i think they are not carrying about the nation's future. right now, $136,000 household in debt. this is about getting re-elec re-elected. i want to say something quickly about the simpsons. it's dangerous to trivialize what is going on. simpson, if we go up the fiscal cliff simpsons are hit the hardest. the taxes go up 9,000%. writers of the simpson, the taxes will skyrocket. this isn't a joke. >> bob: you are right. but this is not going to happen. there is adjustment to social security. real cuts. >> eric: you know what -- >> bob: can i say something? >> eric: you add ornaments to add things. in obama added this little thing the other day. he said i don't want a debt ceiling or bound like it going for it. debt doesn't matter. >> bob: respond to the social security thing. >> eric: obama in october of 2008 before he was p
sandy. right after chris christie vetoed a key part of president obama's health care reform. that's next with governor howard dean. and later, the man who made the war on women legit. >>> the week before the storm, you were out there, president obama couldn't lead his way out of a paper bag with a fist full of 20s and a tank. then right after the storm was i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> the week before the storm, you were out there, president obama couldn't lead his way out of a paper bag with a fist full of 20s and a tank. then right after the storm was over, you were like this man is a leader. doesn't that -- doesn't that tell you something about the game? what does t
and republicans on how to close the budget gap. it has been more than two weeks since president obama invited the major players to the white house to discuss the situation. as of this morning, no new talks are scheduled. brianna keilar joins us. so many republicans say they are pessimistic about a deal happening in time to avert this fiscal cliff. some say it's for political reasons. what can you tell us? >> it may all be for political reasons. that's no surprise in washington. as you can seen through dealmaking not just on this but things in the past couple of years between the white house and congress, there is almost this rhythm that has evolved. both sides are pointing to the other for an impasse. republicans like senator lindeyy graham just slamming the white house and tim geithner for a plan he laid out on behalf of the administration, laying out about $1.6 trillion in new revenues coupled with only about $400 billion in medicare cuts. listen to what graham said. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. this offer doesn't remotely
the road where they have more leverage. president obama was asked about that earlier this week and said he doesn't want to play the debt ceiling game anymore. that's where republicans have more leverage than then do on other matters. >> all right. senior political editor mark murray, have a great weekend, sir. >> i want to bring in congressman peter welch from vermont. good to see you again. talked to you last weekend on msnbc. at that point you told me that you thought there was a 50/50 shot we'd go off the so-called fiscal cliff. today speaker boehner said talks were going absolutely nowhere. do you want to take an opportunity to update your prediction, or are you sticking with 50/50? >> well, i'll stick with 50/50, maybe 55/45 we will go off the cliff. essentially what's happening, your report was excellent, i thought. there's a face-saving maneuver that the speaker has to find. he has to find a way to get his members to be able to do that, which they don't want to do. he knows that taxes go up on the top 2%. obama won that in the campaign. the problem that the speaker faces is his memb
is not taking a day off, period, from now until year end and haven't for weeks. ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >> oh, yeah. i think it will slow down again. i think people will hunker down, particularly are the whole fiscal cliff story hanging. even if it goes over, which i predict it will -- >> so do i. >> diana, what are you seeing? >> in the high ends where dolly works, of course it's going to have a big effect. let's keep this in perspective when we look at the housing recovery. homes price ed over $1 million were just 1.7% of sales in october. this is a minuscule amount when you look at the overall housing market and the recovery. that
obama in washington last week. >>> witnesses say it was terrifying, a crushing tunnel collapse about 50 miles west of tokyo. authorities have recovered nine bodies, most of them from burned vehicles. experts say aging parts in the tunnel could be to blame. the disaster has prompted japanese officials to order emergency inspections of dudsens of other tunnels with similar designs across the country. >>> and here's a sign of the times. the pope is on twitter. the vatican today revealed pope benedict's personal handle is @pontifacts. the vatican said the pope believes the catholic church must be present in the digital arena. that's going to be hard to answer a question about faith in 140 characters. >> he'll probably have 1 million followers in two hours. >> he has more than 230,000 followers and he hasn't even had a single tweet. his name means bridge builder in latin. another name for the pope. >> yeah. i'll follow him. >> i will as well. >> are thank you very much. maybe if i follow him, he'll follow me, too. >> that would be a very great thing. >> maybe he'll follow you. >> i doubt tha
, it's not clear that both sides know. the week after the election, president obama was asked do you have to have the higher rates or could we have deductions and credits and he said he was open to negotiations. three weeks later, after thanksgiving, he shows up and all of a sudden there's a line in the sand on rates that had come out of nowhere, so the president seems to be moving the goal posts in a deliberate effort, i don't know, to extract something, to push people over the fiscal cliff. something's going on and it's not clear because he's not where he used to be. he's quadrupled the amount of taxes he demands. he now has to have rates instead of just numbers. it's going to be interesting what he is doing but it appears he's not trying to come to any agreement. his position is one that the senate, the democratic senate, has rejected in the past. >> robert reish, 60% of americans according to a new abc news/"the washington post" poll believes they should raise taxes on those over $250,000 a year. presumably president obama has seen these polls. so if there is a fiscal cliff and w
. those are just some of the headlines for the week ahead. >> reporter: monday, president obama heads to michigan to visit an auto plant in redford. the president will speak about the economy in an effort to make the case for raising tax rates on wealthier americans. also monday, a court hearing will be held to discuss a new york city hotel maid sexual assault lawsuit against former international monetary fund chief dominique strauss-kahn. the former ims chief's lawyer saying the two sides should resolve the case. tuesday, giving back to military families. michelle obama will visit a dc military base to deliver toys and gifts to the marine corps toys for tots campaign. wednesday, the pope turns to social media. pope benedict xvi recently launched his own twitter page, and starting wednesday, the pope himself will begin to tweet. he'll respond to questions put to him about faith and belief by twitter users, asking the ask pontiff hashtag. thursday, violent protests against the new charter continue in egypt, mohammed morsi warns once it is passed, there should be no obstacle and everyon
was a compendium of what he preferred. we became accustomed to obama's -- are republicans on the hill factually surprised or is this sort of feigned outrage to make the president look unreasonable? >> no. i think there is an actual surprise last week when tim geithner came to capitol hill and gave a plan that included, amongst other things, billions in more stimulus as well as the ability for the president to set the debt limit himself without review by legislative body. those are two big things that send shivers up the spine of house republicans that they would never in a million years agree to. so we heard about this type of deal a few weeks ago and the fact that it was mr. geithner's opening offer on behalf of the white house i think is why you heard speaker boehner who requested to go on fox news on sunday to say how absurd it was in his opinion, and there is real outrage there. what i think you're seeing is sort of a move by the gop to make it a lot worse than it actually really is. there is no doubt they were angered by it but to say geithner's opening offer is going to curtail the abilit
this problem. >> but of course, it takes two to tango, so where does president obama stand? >> we can probably solve this in about a week. it's not that tough. >> it's not that tough. he's absolutely right about that. but we heard early this evening that the president and speaker boehner did speak late today on the phone, so that's good news, but in this case, they need face time. they need to spend real time face to face. even democrats think the president needs to do more in person work on this. >> the president is not somebody who he's prioritizing evenings with his family instead of going down and having a bourbon on the rocks with some of the congressional folks. >> sometimes though, you need to do to bourbon like when the country needs you. bourbon, beer, wine, whatever, after a couple of drinks, the president and boehner could you know, pull a simpson. >> the lasso again, then the horse. the cowboys ride. the cowboys. >> that's the special beer that you would drink to get you to dance the gangnam style. president obama and john boehner did the gangnam style, your approval ratings might
the gop to negotiate, obama ends giving in. and peter baker writes that president obama has emerged kind of a different style of negotiator in the past week or two, sticking to the liberal line, frustrating the republicans clearly. this is a strategy his base might like but i'm wondering will it make him a better deal maker? >> it just may mean that republicans ultimately give him close to what he wants on raising tax rates on the top 2%. president obama has been very clear, he was all the way through the campaign that he would not give in on that. so that's i think what's important now. republicans don't like a lot of what was in the white house's opening offer. they dictate the $50 billion stimulus that was in the offer as a slap in the face. some of these little things we'll see taken out of file deal. >> to that point here's john boehner talking about when he saw that opening offer. >> i was flabbergasted. i looked at him and said you can't be serious. i just never seen anything like it. you know, we got seven weeks between election day and the end the year. and three of those weeks
obama care. the schemes are kind of unpopular in america. this week the company to lower its earning estimate for next year in part because of the bad press they got for health reform shenanigans. people aren't going for dinner special. 2 for $25 olive garden dinners are not a good enough deal in post recession america. today was the end of the line if health reform dodging. their test in using fewer full employees, it was a fail. according to the ap's reporting it received a flood of feedback from customers. both employee and customers. turns out everyone is happier when you have healthy full time workers who are not sneezing on your food. the story of the restaurants is a funny story. there is a reason that employers give them health insurance. it is because they need them to be happy and to be healthy and they need people to want to work there. one of the big policy arguments is that once it is fully implemented they will drop the coverage and pay the fine. but do you know what they pay now? nothing. no fine, no penalty at all. and yet, most provide the health care anyway. we have
-down time in washington. president obama and the democrats, versus the house republicans and the so-called fiscal live. after weeks of negotiations, publicly, at least, talks have stalled, as the two sides have battled it out over tax hikes hs and entitlement reform. but what can be done about the nation's out-of-control spending. tim murphy is here now. chairman of the house oversight and investigations subcommittee for the energy and commerce committee. good to see you in person. welcome to new york. >> who do you think is going to blink? president obama says he wants the tax hikes to go up on the wealthy. >> we both better get together and come up with a solution. that's what the american family wants. all the other issues, we have to remember, it's what takes place, not at the 30,000 foot level, but at the kitchen table level. that's where the people are very concerned. will they have a job tomorrow? will their children have a job in the future? that means we have to deal with the deficit and the spending. we cannot continue to do this. the president's issue of unlimited power t
the fed with president obama in a second term, why are the fed is going after legalized week in washington state for any reason you want to smoke it? why the fed under obama? why are they doing that? >> they are in a panic mode. their world is crumbling and they don't know what to do. they don't have direction. they want to keep it, they want to keep it illegal for various reasons. so they keep the funding coming. [talking over each other] stuart: the administration has become very liberal on the issue of gay marriage and abortion and free contraception. social issues, this is a presidency that has moved away towards the liberal position but not on marijuana. they are still going to stop it. they closed down medical marijuana facilities in california. i don't get it. you are telling me this is all about money and funding? keep the money flowing? >> yes. like the end of a war. this is the war on drugs that is ending and like all wars they are hard -- the sponsors, got a lot of people invested in to the war on drugs and now that it is ending they are in a panic. i want to see america which i
. her president, former president bill clinton, was president obama's key surrogate during this election cycle, setting the stage for president obama to return the favor in 2016. if she so decides to run. remember earlier this week, she was at the save and center for middle east policy and they ran that glossy video that felt like a campaign video in which she was praised by a number of officials, including president benjamin netanyahu. the stage sbing set f that's what she decides. if you go deeper into that poll, 66% of women say she should run, so higher than the national average. that would be one of her core constituencies. those close to me tell me when she steps down she'll focus on resting. >> to be frank, though, i think she's deserved a well-deserved rest. >> reporter: absolutely. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. look th
, on the 17th of this month. so the yearly obama trip to hawaii is set to start a week from next monday. you feel me here? see where i'm going? the window closing faster than folks think. what are our decisionmakers doing right now? among other things they are apparently sending signals through the media. republicans saying time to get moving. the president saying there is a deal to be had fairly quickly if the republicans come around to raising taxes on the wealthy. let me give you the president first. >> -- good faith offer to avert the fiscal crisis, and that offer included significant spending cuts and reforms, and it included additional revenue. and frankly it was the balanced approach that the president has been asking for. now we need a response from the white house. we can't sit here and negotiate with ourselves. our targets and framework are things that we can all agree on. and it is exactly how we approached our discussions in the biden group, my discussions at the white house a year and a half ago and for that matter, in the joint select committee. and if the president doesn't agr
negotiations appear to be at a standstill, we know president obama and house speaker john boehner finally spoke by phone yesterday. the first conversation in a week. we don't know what they talked about or how long they spoke, because both men agreed to keep details of the conversation between the two of them. meanti meantime, democrats are digging in heels saying no deem if republicans refuse to let go of tax cuts for the wealthy. >> it's really time for republicans to face reality. i would hope the house of representatives would look closely at what's going on with senators coming out saying please, mr. speaker, do something about protecting the middle class. >>
through the middle of the week. jay gray, nbc news, california. >>> well, several of america's entertainment greats received the nation's highest award for the arts last night. the kennedy center honors. president obama praised this year's list which includes late-night tv legend david letterman, the iconic rock band led zeppelin and oscar winner dustin hoffman. hoffman's co-star in four movies, robert deniro, shared an only-in-hollywood moment. >> i first met dustin at a party in 1968. i was his waiter. it was an instant connection when he said to me, "how's the flounder?" >> the kennedy center honors will air on television later this month. >>> and now for a look at the national weather, we turn to nbc meteorologist bill karins with the weather channel forecast. how's the flounder? >> flaky. very flaky. did you have a good weekend? >> i did. it was great. yours? >> people out there getting tans this weekend. the calendar goes to december -- >> i'm much darker. >> nice. good morning, everyone. incredibly warm air spread across the country. everyone that's east of the rockies
.s. debt limit. senator mcconnell is demanding 60 senate votes for passage. president obama pushed for the power transfer in a most recent and main proposal last week on the fiscal cliff. >>> now no john mcafee. the millionaire software guru wanted in questioning in the neighbor's murder in belize. maybe you heard mcafee. got arrested in guatemala overnight. shouldn't come as much of a surprise here. the whole time supposedly on the run, he was handing out tv interviews like candy. but listen to this. now the mcafee is in jail, he is blogging from behind bars. the story just keeps getting more interesting, shall we say? more on the blogging here in a moment. but first, i have to play you this video. this is the video of his arrest. surprise-surprise. he was with a camera crew from vice.com when guatemalan police took him in. the charge, entering that country illegally. take a look here. exclusive video of vice.com. >> they're trying to arrest me. guatemalan jails have beds. >> john, where are you going? >> to jail. >> when will you be out? >> and off he goes. to think, just yesterd
this was the week for progress on the fiscal cliff. well, think again. big ol' zero. nothing happens. house speaker boehner says it is clear president obama is dragging the economy well over the cliff. ashley: the rhetoric goes on. ibm playing scrooge to hundreds of thousands of employees by radically changing its 401(k) contribution. is your company next? tracy: kind of scary. as we do every 15 minutes we head down to the floor of the new york stock exchange, nicole petallides. they are climbing back to session highs although the notion 48 points up is only thing we've got, doesn't say much. >> it has been a slow crawl but this is our third week in a row of gains. it doesn't feel like it's been a great three weeks but hey, if you're long the market and you're bullish you will take a winning week after a winning week, whether 3% or .1 of 1%. the dow is up roughly 100 points for the week. the dow is up 46 points. we haven't seen three consecutive gains for the dow since august. that is some good news. what is interesting about the data we've been getting, got it in the monthly jobs report, so import
that we really give a fair shot, as president obama has fought so hard for, to the middle class, we can take up that bill in the house next week when we go back into session and give that certainty to the middle class. then we can work in earnest together to reduce the deficit in a balanced way that will make sure we don't first throw the middle class under the bus. that whatever we put forward have spending cuts and revenue that is going to take care of the middle class and make sure that we have spending cuts and revenue that ensures that they're fair and that the math works. there has been no evidence thus far that the republicans are interested in doing that. >> this has been the perfect opportunity for them to step forward and show some leadership. the majority of americans do want this right now. congresswoman, the president has asked you to stay on as dnc chair. what is the way forward for the democrats? what's happening here? >> well, we need to continue to focus on rebuilding our economy from the middle class out. president obama talked eloquently and passionately during the ca
report." >>> been a little over a week since he met with president obama to talk about avoiding the fiscal cliff and caterpillar's ceo joins us from the nyse to talk about the fix the debt campaign and more. you know anything we don't know, doug, that you can tell us about how this finally looks and whether we do it? >> i don't know if i know any more than you do or not, joe, but we've all been working hard to impress upon our leadership in washington how important this is not to go over the cliff. we had good sessions with republican leadership, democratic leaderships and with president obama in the white house. nobody over there wants to go over the cliff at this time, there's nothing that wants to do it. >> once we get over it, we hope it's a bridge to something that will help you and caterpillar compete better in the world. after the cliff, what do you want? is there any emphasis on corporate tax reform that we need or how to bring $2 trillion back to this country? aren't those things, did you talk about any of those or the cliff? >> we talked about all of those, long-term c
. and president obama's pot problem. let's go "outfront." >>> i'm tom foreman in for erin burnett. outfront tonight, the magic number after a whole week of harsh words here in washington and threats to, did house speaker john boehner hint ever so slightly at a compromise today that could finally edge us away from the dreaded fiscal cliff? it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put the revenue the president seeks on the table. but none of it's going to be possible if the president insists on his position. insists on my way or the highway. >> you hear what he said. a lot of things are possible. that may not sound like much where you're from, but here in washin
, president obama, house speaker john boehner, met face to face at the white house today for the first time in more than three weeks. we do not have any details about today's conversations but reps on both sides say the lines of communication remain open. the two men last met on november 16th. also today, another republican senator announced his support for raising tax rates on wealthy americans. tennessee senator bob corker says if the gop agrees to the wealthy tax hike, republicans would be better positioned to negotiate for bigger spending cuts on social security and medicare. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year-end. a lot of people are putting forth a theory and i think it has merit where you give the president the 2% increase that he's talking about, the rate increase on the top 2%. and all of a sudden, the shift goes back to entitlements. and all of a sudden, once you give him the rate on the top 2%, it's actually much lesser tax increase than what he's been talking abo
to first. new reports on how close syria came to using chemical weapons this week. they actually loaded the deadly gas on to bombs, prepared for launch. and martha raddatz is going to have the latest on that. >> that's a frightening development, something president obama took very seriously. >>> we have a warning this morning that all parents with infants need to here. federal authorities are taking an unprecedented move of suing the manufacturers of infant recliner, saying they are dangerous. i don't know about you guys. but i used these with both of my babies. pretty amazing. >> yeah. >>> also ahead, a major announcement today we can't wait to share with you. it involves all of us and more "gma" every day. we're excited to tell you what we're talking about later on this morning. >> that's coming up. >>> let's get to the news out of london. lama hasan is outside of the hospital where kate middleton checked out, roses in her hand. good morning, lama. >> reporter: good morning, george. just moments ago, a very happy duke and duchess of cambridge left the hospital behind me. one of the re
. it is pretty clear to me they made a political calculation. >> president barack obama and gop leaders held one face to face meeting on the fiscal cliff since the election. that meeting took place more than two weeks ago. >>> the kansas city chiefs suited up and took the field today against carolina. that's despite the shock and horror of yesterday's suicide of linebacker jevon belcher. stay right there with full details in a full report on cnn in just a minute. >>> high winds and heavy rain are pummeling the northwest. the rainfall will continue throughout the day. some places have already seen a foot of rain since yesterday. people living in northern california, oregon and washington state are bracing for rising rivers and possible mudslides. >>> supporters of mohammad morsi blocked the high court from indefinitely suspending all court sessions. that would suspend a ruling on the drawing up of egypt's new constitution. president morsi declared his decisions are now immune from judicial oversight. >>> it is a frightening and deadly scene in japan. just look at this. at least two cars are still
and the country needed him and there was no way that the country would are reelect president obama, that this was the year for mitt romney to win. they believed that all the way to the end and the last week of the campaign and i was out on the road with him, he had these huge crowds at different events and in fact on election day he did a stop in pittsburgh to go visit his election headquarters there and saw a bunch of people up on a parking ramp right at the airport. they hadn't announced the arrival at the airport. they just showed up. they took it as an omen. they thought it was a sign that he was going to win and all the way until the networks called the race on election night that he would be the winner. >> so jonathan, what, then, does that kind of mind do in this situation? i mean, i kind of -- i guess i kind of get the crying. the world makes no sense. >> right. well, the world makes no sense when you live in this bubble where -- just imagine, remember what was happening over at fox news on election night, how they couldn't believe what the rest of the country saw happening
of the aisle resumed talks thursday. first time that's happened all week. and comes and comes one day after president obama and speaker boehner talk bid telephone. >>> in japan a tsunami warning has been lifted. a 7.3 magnitude quake struck at sea 300 miles from tokyo. a small tsunami was triggered while a building shook in the capital city. happened almost in the same area along the northeastern coast devastated by a earthquake two years guy. >>> attorneys for george zimmerman are suing nbc universal for characterization of him in reporting on the trayvon martin shooting death. lawsuit claims nbc edited 911 recordings to make it appear that zimmerman was racist. nbc says it disputes the accusations and plans to defend itself in court. >>> on every flight, you have to power down your gadgets before takeoff and landing. but -- could that be changing? you might be surprised who is leading the charge. [ nyquil bottle ] hey tylenol, you know we're kinda like twins. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ fe
a little over three weeks. those increases coupled with spending cuts in vital programs including defense, health care and housing assistance are being called the fiscal cliff. the only way to i void it is for president obama and congress to make a deal, cutting spending and raising revenue. adding to the sense of urgency. news that 350,000 people simply gave up looking for work in the month of november. and while that drove the unemployment rate down to 7.7%, the fiscal cuts and tax hikes are expected to dramatically slow job creation and increase unemployment possibly plunging the economy back into a recession. let's go to dana joining us from capitol hill. the latest negotiations don't seem to be going anywhere. >> they sure don't. the house speaker ended the week by calling it a wasted week. he only had one phone call with the president of the united states and he said it was just, "more of the same." now counter offer to what the republicans put out during the week which was $800 billion in new tax revenue. so there's certainly a lot of frustration. particularly right now on the side
correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of the top rates. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. >> but tyler, as you suggested, this is all a wor
. and it is unfortunate that the white house spent three weeks doing basically nothing. >> now, the republican counterproposal that we just heard about still includes those bush era tax cuts staying in place for everybody, which president obama has called a nonstarter. so what if we raised taxes a little bit? still be much lower than what americans paid just a generation ago. in 1980, the wealthiest americans paid a marginal tax rate of 70% of their income to uncle sam. now, tax reform under president reagan reduced that rate to 50% and in 1981, and closer to current levels in 1986. today, president obama wants to let the bush era tax cuts expire for wealthy americans only, taking up their marginal federal tax rate from 36% to 39.6%. we're talking about a 3.6 percentage point uptick for households making more than $250,000 a year, only on every dollar they make above the $250,000 amount. starts 2 s at $251,000. it is on the money you make on the margin. now, while i totally agree every penny counts when it comes to your money, when you compare that to the taxes most americans paid out in past
birth of politics. who is the master politician here? >> it's got to be obama. but in the end, you know, the most important word in all that you just read is "grease," really. i mean, you know, last week here, i made a heartfelt plea in favor of earmarks. and i think that that's how you get big deals done. you know, there are going to be politicians who are going to have to be bought the way abraham lincoln bought politicians with jobs when he got the 13th amendment passed. you know, and certainly for a long-term deal. having said that, let me also say, i'm not so sure we're going to get a long-term deal here. we may just go off the cliff and vote for some tax reductions right after january 1st. no one knows. >> joe, you're going to like this. i threw the lincoln analogy at a close aide to the president last week, and he said, you know, with this republican -- with the way politics of washington are today, there would still be slavery. that lincoln wouldn't have been able to navigate the polarization between the media, between -- it was an interesting and depressing observation from thi
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